TaxTMI 
TaxTMI 
Logistic vendor debit
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....ogistic vendor debit<br> Query (Issue) Started By: - Bhushan Velhal Dated:- 16-12-2017 Last Reply Date:- 16-12-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear Sir, Good Morning. Logi....
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....stic Transporter was missing of material from his custody, now we need to debit to Logistic Company Invoice Amount (Material + GST) & poor service. Pls. suggest SAC/HSN code & percentage of GST debi....
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....t to logistic vendor Regards Bhushan Reply By Vamsi Krishna: The Reply: In this case you need not raise any invoice, inform transporter about the loss caused and deduct the amount to be paid fro....
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....m his bills. If your transporter is registered and opted for forward charge he will raise Credit note and issue to you. And if the transporter is unregistered who falls under RCM ( most of the transp....
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....orters falls under this), you have to raise a credit note against the RCM invoice (consignment note raised under sec.9(3) of the Act with full value) with applicable tax rate for the amount of deducti....
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....on being made. The rate of tax is 5% on GTA services. Dear Experts, pls clarify if i miss something..<br> Discussion Forum - Knowledge Sharing ....